Federal ID: 91-6001537
ISSN: 0022-1090 (Print) | 1756-6916 (Online)
Information Spillover and Corporate Policies: The Case of Listed Options
Gennaro Bernile, Jianfeng Hu, Guangzhong Li, and Roni Michaely ♦ Information production associated with derivatives markets is not a sideshow; rather, it has significantly positive spillover effects on an array of corporate decisions of underlying firms. Using a regression-discontinuity design…